NASDAQ$EXPO
Exponent Inc. · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Exponent reported strong financial results for the fourth quarter and fiscal year 2024, exceeding expectations with increased revenues and improved margins.
Exponent, Inc. reported a robust fourth quarter and fiscal year 2024, with total revenues increasing by 11.3% to $136.8 million in Q4 and 4.1% to $558.5 million for the full year. Net income also saw significant growth, reaching $23.6 million in Q4 and $109.0 million for the fiscal year, driven by strong demand across various industries and improved operational efficiency.
- Fourth quarter total revenues increased 11.3% to $136.8 million, exceeding expectations.
- Net income for Q4 rose to $23.6 million, or $0.46 per diluted share, compared to $20.9 million, or $0.41 per diluted share in the prior year.
- EBITDA increased to $31.2 million in Q4, representing 25.2% of revenues before reimbursements.
- For the full fiscal year 2024, total revenues increased 4.1% to $558.5 million, and net income reached $109.0 million.
Headline financials
Revenue & EPS history
Exponent · Revenue · Quarterly
$137M
Revenue by segment
Exponent · $125M total across 2 segments · Q3 2023
- Engineering & Other Scientific$104M+7.3%83.0%
- Environmental & Health$21.3M+15.4%17.0%
Forward guidance
For the first quarter of fiscal 2025, Exponent anticipates revenues before reimbursements to be slightly down in the low-single digits, with EBITDA expected to be between 25.0% and 26.0% of revenues before reimbursements. For the full fiscal year 2025, the company expects revenues before reimbursements to grow in the low-single digits, and EBITDA to be between 26.25% and 27.0% of revenues before reimbursements.
Tailwinds
- Anticipates further demand for services in 2025 due to industry transformations and technological advancements.
- Expects sequential headcount growth of 1-2% each quarter to meet demand.
- Anticipates an increase in activity as 2025 progresses, driving full-year growth.
- Foresees continued growth in low-single digits for full fiscal year 2025 revenues before reimbursements.
- Projects full fiscal year 2025 EBITDA to be between 26.25% and 27.0% of revenues before reimbursements.
Headwinds
- Starting 2025 with a 5-6% headwind in technical full-time-equivalent employees.
- Expects net revenues to be slightly down in the first quarter of fiscal 2025.
- The return to a 52-week fiscal year in 2025 will pose a headwind for full-year comparisons, as fiscal 2024 benefited from a 53rd week.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.5%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+2.7%
Avg return
30 days after
52%
33 / 63 earnings
Positive
+18.1%
Q1 2024
Best reaction
-12.4%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.5% | -4.0% | -12.8% | |
| Q4 2025 | +12.7% | +1.3% | +1.5% | |
| Q3 2025 | +7.9% | +10.2% | +8.2% | |
| Q1 2025 | -1.5% | -3.8% | -1.9% | |
| Q4 2024 | +1.2% | +0.8% | -4.8% | |
| Q3 2024 | -9.5% | -8.7% | -8.5% | |
| Q2 2024 | +0.2% | +1.7% | +1.0% | |
| Q1 2024 | +18.1% | +14.0% | +19.5% | |
| Q4 2023 | -11.1% | -11.2% | -8.5% | |
| Q3 2023 | -12.4% | -11.7% | -6.5% | |
| Q2 2023 | -6.3% | -7.1% | -4.8% | |
| Q1 2023 | -2.3% | -3.7% | -2.4% | |
| Q4 2022 | +7.4% | +5.5% | +1.8% | |
| Q3 2022 | +3.6% | +7.1% | +13.0% | |
| Q2 2022 | +5.9% | +3.1% | +3.1% | |
| Q1 2022 | -5.6% | -9.9% | -10.4% | |
| Q4 2021 | -10.1% | -8.4% | +3.8% | |
| Q3 2021 | +2.7% | +2.4% | +4.4% | |
| Q2 2021 | +9.0% | +11.5% | +17.9% | |
| Q1 2021 | -0.6% | -1.2% | -5.9% | |
| Q4 2020 | +3.2% | +8.8% | +9.0% | |
| Q3 2020 | -3.7% | +0.4% | +15.4% | |
| Q2 2020 | +2.1% | +0.3% | +0.0% | |
| Q1 2020 | -5.8% | -7.2% | +4.4% | |
| Q3 2019 | -5.5% | -7.3% | -8.6% | |
| Q2 2019 | +9.4% | +10.7% | +17.4% | |
| Q1 2019 | -0.8% | -0.2% | -0.1% | |
| Q4 2018 | +1.2% | +3.3% | +14.7% | |
| Q3 2018 | +0.7% | +1.7% | +9.3% | |
| Q2 2018 | -3.0% | -0.6% | +0.9% | |
| Q1 2018 | +1.3% | +1.1% | +11.1% | |
| Q4 2017 | +3.2% | +1.3% | +3.2% | |
| Q3 2017 | -3.4% | -2.4% | -1.5% | |
| Q2 2017 | +13.7% | +11.5% | +10.3% | |
| Q1 2017 | +1.7% | +1.6% | +0.3% | |
| Q4 2016 | -3.1% | +0.0% | +0.8% | |
| Q3 2016 | +10.3% | +15.5% | +23.3% | |
| Q2 2016 | -11.2% | -11.2% | -13.7% | |
| Q1 2016 | -0.2% | — | — | |
| Q4 2015 | +2.4% | — | — | |
| Q3 2015 | +6.8% | — | — | |
| Q2 2015 | -0.6% | — | — | |
| Q1 2015 | +6.9% | — | — | |
| Q4 2014 | +8.5% | — | — | |
| Q3 2014 | +0.5% | — | — | |
| Q2 2014 | +6.4% | — | — | |
| Q1 2014 | -3.0% | — | — | |
| Q4 2013 | +0.1% | — | — | |
| Q3 2013 | +3.9% | — | — | |
| Q2 2013 | -0.8% | — | — | |
| Q1 2013 | +0.8% | — | — | |
| Q4 2012 | -11.5% | — | — | |
| Q3 2012 | +1.6% | — | — | |
| Q2 2012 | -0.5% | — | — | |
| Q1 2011 | -1.8% | — | — | |
| Q1 2012 | +1.1% | — | — | |
| Q4 2011 | +3.7% | — | — | |
| Q1 2010 | +3.7% | — | — | |
| Q3 2010 | -2.3% | — | — | |
| Q3 2011 | -2.3% | — | — | |
| Q2 2011 | -2.0% | — | — | |
| Q4 2010 | -2.0% | — | — | |
| Q2 2010 | -2.0% | — | — |
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